Will Recession Come In 2024 In India. Announcements in the union budget 2023 will be crucial as it will decide how india's economy will perform in fy24 in the middle of a turbulent global economic. Graph and download economic data for oecd based recession indicators for india from the period following the peak through the trough (indrec) from may.
The indian economy is anticipated to reach a size of $4.7 trillion in 2024 and $5 trillion by 2026, according to the imf. A potential recession in the us, india’s largest export market, accounting for nearly 18% ($78 billion) of merchandise shipments in fy24, would be a more significant.